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trade stock, stock split
Begin part 3 of 3
THE PLAYS
Good movers: BRCM; CKCM; HYDL; NVDA; PWAV; WFR
Weekend play results:
EMAG: Still in the very tight lateral move.
KNOT: Good test of the 18 day EMA and bounce on much stronger volume.
MGI: Still in the handle.
SIMO: Excellent test of the 10 day EMA and rebound.
LEH: Started higher but just needs some volume.
MCHP: Nice doji at the 10 day EMA.
New Plays:
Upside:
Play Date: 02/06/2006
ASML (ASML Holdings--$22.40; +0.13; optionable): Chip equipment
http://biz.yahoo.com/p/a/asml.html
After Hours: $22.50
STATUS: Test 18 day EMA. ASML made us some strong coin on its last run and now it is setting up for another. After a solid bounce in late January ASML has eased back to the 18 day EMA (22.12) on most lower volume (a strong up volume session here and there on an upside day). Monday volume moved up to average as ASML moved up off the 18 day EMA. Modest gain, but looks ready to resume a strong uptrend, following the money flow higher.
Volume: 3.265M Avg Volume: 3.19M
BUY POINT: $22.73 Volume=4M Target=$27 Stop=$21.98
POSITION: MFQ GX - July $22.50c (53 delta) &/or Stock
http://www.investmenthouse.com/cd/asml.html
Play Date: 02/06/2006
CYBS (Cybersource--$8.69; +0.5; optionable): Enterprise solutions for data migration, etc.
http://biz.yahoo.com/p/c/cybs.html
STATUS: Breakout test. CYBS broke out from a 19 month ascending triangle in mid-January. It rallied over 9 and is now testing that move, gapping down to the 18 day EMA (8.14) on the Monday low and then rebounding for a solid, higher volume gain. Solid 14 to 10 accumulation in the long base (14 up price weeks on rising volume to 10 down price weeks on rising volume). Strong money flow is moving higher as the stock tests. Relative strength broke out on the move. Looks ready to resume the breakout move.
Volume: 252.438K Avg Volume: 228.894K
BUY POINT: $8.96 Volume=325K Target=$10.95 Stop=$8.33
POSITION: CXQ GU - July $7.50c (65 delta) &/or Stock
http://www.investmenthouse.com/cd/cybs.html
New buy point on current position:
Play Date: 02/06/2006
INFA (Informatica--$14.70; +0.01; optionable): Enterprise software for data migration, consolidation, management
http://biz.yahoo.com/p/i/infa.html
After Hours: $14.66
STATUS: Breakout test. Nice easy test of the 10 day EMA (14.41) the past week after a strong break higher in late January. INFA formed an 18 week flat base, eased higher and then really took off on that late January move. Strong money flow continues leading the way higher even as INFA makes this pullback. Moved to test a 4 year high on that strong upside move and is fading back here to set up for the assault on that level. Solid all the way around and just looking for the return of strong volume as it moves through the buy point.
Volume: 1.313M Avg Volume: 1.631M
BUY POINT: $15.15 Volume=2M Target=$18.25 Stop=$14.29
POSITION: UYF FC - June $15c (53 delta) &/or Stock
http://www.investmenthouse.com/cd/infa.html
Play Date: 02/06/2006
NVDA (Nvidia--$45.26; +1.24; optionable): Semiconductors. Potential split in March. Trying to pinpoint the date.
BACKGROUND: Last announced a split back in its prior heyday before its 2002 peak. Announced a 2:1 split on 8-14-200 at $85.90. Prior to that a 2:1 split at $94 on 5-16-00.
http://biz.yahoo.com/p/n/nvda.html
After Hours: $45.30
STATUS: Test 18 day EMA. NVDA broke out from a 12 week ascending base in early January, and has rallied up the 18 day EMA (43.73), using that near support level to rebound. This is exactly the action you want to see as a stock breaks out and trends higher. In the recent selling NVDA has come back to test the 18 day for the second time. Volume jumped Friday as it held that level and posted a modest gain. Monday it continued higher but volume faded. Strong money flow continues higher, leading the way for the stock. Relative strength broke out and is ready to do it once more after this pullback. Ready to move in on a continued move higher through the buy point on strong trade.
Volume: 3.028M Avg Volume: 4.097M
BUY POINT: $45.78 Volume=6.1M Target=$53.95 Stop=$43.65
POSITION: UVA FI - June $45c (53 delta) &/or Stock
http://www.investmenthouse.com/cd/nvda.html
SUBSCRIBER PORTFOLIO: These are stocks subscribers suggest by vote that we put in a portfolio to track and move into the stocks if they perform well. If you have any suggestions for additions or deletions, email us. We don't cover them all each report, just when something interesting is developing.
AAPL, CELG, BR, COH, NVDA, PSYS, RTSX, STN, UNH
AAPL: Uh oh. Broke lower form the 50 day EMA on a very strong volume surge. That does it for now. Will have to form back up with a new base.
CELG: A pair of low volume dojis at the 18 day EMA is testing the late January move and setting up the next leg higher.
COH: Volume moved up to average Monday as COH started the breakout move. Need some stronger trade as it continues higher. Nice.
PSYS: Still tapping the 18 day EMA on the low and rebounding. Has to get through 33 on some serious trade.
STN: Falling away from the 200 day SMA again on very strong volume. Too many failed moves.
UNH: Heading lower from a failed test at the 18 day EMA, not even making it back up to the 50 day EMA. Not a good sign.
Good Investing!
Jon L. Johnson and The Daily Staff
All of the foregoing is commentary for informational purposes only. All statements and expressions are the opinion of Online Investment Services, LP or its paid consultants and are not meant to be a solicitation or recommendation to buy, sell, or hold securities. We are not licensed or registered in the securities industry. The information presented herein and on our related web site has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. The security portfolio of Partners of Online Investment Services, LP or its paid consultants may, in some instances, include securities mentioned herein and on our web site. Estimates, assumptions and other forward-looking information are subject to the limits of forecasting. Actual future developments may differ materially due to many factors.
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trade stock
stock split
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